The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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iShares MSCI Canada Index
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend support line
Daily :Daily  MACD line has moved below its signal line20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the iShares MSCI Canada Index (EWC). During the week, the EWC dropped -0.64 points, or -2.22%, and closed at 28.16 on Friday, September 07, 2018. Weekly volume was 82% above average.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 30.60 on January 5, 2018. EWC gained -12.53 points, or -69.34%, in 102 weeks. The price is now at the 19.47% retracement level.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 26.91 and reached 29.61 on May 22, 2018. EWC gained -2.70 points, or -10.03%, in 6 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (28.76) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EWC may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on August 28, 2018 at 29.54 and reached 27.98 on September 7, 2018. EWC lost 1.56 points, or 5.28%, in 10 days. The price is now at the 11.54% retracement level.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.33
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 11.23
Oversold
Greed/Fear Indicator (GFI) 17.42
Oversold
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.03
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 60.32
Greed/Fear Indicator (GFI) 42.55
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 29.53
Upper Bollinger Band 29.46
Parabolic System 28.94
50 Day Moving Average 28.87
Weekly Stochastic Crossing 28.84
20 Day Moving Average 28.80
Quarterly Trendline Support 28.76
Daily Stochastic Crossing 28.16
Price 28.16
Lower Bollinger Band 28.07
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.54
High Date 08/28/2018
Low 27.98
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.54
High Date 08/28/2018
Low 27.98
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.54
High Date 08/28/2018
Low 27.98
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 29.53
Support 28.76
Low 26.91
Low Date 04/04/2018
High 29.61
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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